Veterinary Ventilators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Veterinary Ventilators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global veterinary ventilators market is projected to grow with a CAGR of nearly 6% over the forecast period. The growth is attributed to the increasing prevalence of animal diseases, growing expenditure on animal healthcare, growing adoption of advanced technologies and devices in the treatment of animal diseases. In addition, the growing number of veterinary surgeries, increasing prevalence of respiratory failure, drug toxicities, and other respiratory diseases in animals are anticipated to boost the market growth. However, lack of animal health infrastructure in developing and underdeveloped countries are the factors that are expected to boost the market growth over the forecast period.

Key Market TrendsElectro-Pneumatic Ventilators are Expected to Witness a Healthy Growth

Among the product segment, electro-pneumatic ventilators are expected to show healthy growth rate owing to the advancements in device technologies, new product launches and the growing number of market players and product offerings. Due to the increase in animal health expenditure worldwide, the demand for veterinary equipment is growing at a rapid pace. The increasing number of veterinary surgeries, the number of veterinary clinics and hospitals are anticipated to fuel the adoption of veterinary ventilators over the forecast period.

Resuscitation veterinary ventilators are anticipated to have lucrative market growth owing to the growing number of animal diseases related to respiration, availability of a wide range of products and growing adoption of these devices.

North America Anticipated to Have Significant Market Growth

Among the regions, North America is anticipated to have a significant growth rate owing to the high investment in animal healthcare, a growing number of veterinary surgeries and a growing number of veterinary practitioners in the region. In addition, availability of advanced veterinary ventilators, recent product launches and growing prevalence of veterinary diseases in the region are projected to boost the market growth over the forecast period. The Asia Pacific region is anticipated to have lucrative market growth owing to the growing need for animal healthcare due to increasing adoption of animals, increasing disposable income and animal healthcare spending.

Competitive Landscape

Global veterinary ventilators market is moderately fragmented and competitive with local and regional players. Market players are focusing on new product launches, product innovations and geographical expansion. The few key market players include Avante Health Solutions, Miden Medical, Midmark Corporation, Smiths Group Plc and Vetronic Services Ltd among others

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Avante Health Solutions
Miden Medical
Midmark Corporation
Smiths Group plc
Vetronic Services Ltd
Hallowell EMC
VetEquip Inc.
Metan Co., Ltd.

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